Elevation Point Wealth Partners LLC Acquires New Position in lululemon athletica inc. $LULU

Elevation Point Wealth Partners LLC purchased a new stake in lululemon athletica inc. (NASDAQ:LULU) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 6,666 shares of the apparel retailer’s stock, valued at approximately $761,000.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new position in lululemon athletica during the 2nd quarter worth $1,010,565,000. Flossbach Von Storch SE purchased a new position in shares of lululemon athletica in the 2nd quarter valued at about $207,392,000. Norges Bank acquired a new position in shares of lululemon athletica during the fourth quarter worth about $362,598,000. Boston Partners acquired a new position in shares of lululemon athletica during the fourth quarter worth about $304,875,000. Finally, Deutsche Bank AG purchased a new stake in shares of lululemon athletica during the second quarter worth approximately $80,580,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

lululemon athletica Stock Performance

LULU opened at $122.78 on Tuesday. The business’s 50-day simple moving average is $117.55 and its 200-day simple moving average is $139.77. lululemon athletica inc. has a one year low of $104.44 and a one year high of $225.98. The stock has a market capitalization of $14.57 billion, a P/E ratio of 9.91, a price-to-earnings-growth ratio of 3.97 and a beta of 0.86.

lululemon athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, June 4th. The apparel retailer reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.02. The company had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.44 billion. lululemon athletica had a return on equity of 31.26% and a net margin of 13.03%.The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.60 earnings per share. lululemon athletica has set its FY 2026 guidance at 10.950-11.150 EPS and its Q2 2026 guidance at 1.760-1.810 EPS. On average, equities research analysts forecast that lululemon athletica inc. will post 10.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on LULU. Barclays decreased their price target on shares of lululemon athletica from $161.00 to $113.00 and set an “equal weight” rating for the company in a research note on Friday, June 5th. Zacks Research raised lululemon athletica from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 19th. Robert W. Baird cut their price target on lululemon athletica from $170.00 to $140.00 and set a “neutral” rating on the stock in a research note on Friday, June 5th. Daiwa Securities Group decreased their price target on lululemon athletica from $173.00 to $120.00 and set a “neutral” rating for the company in a report on Tuesday, June 9th. Finally, Evercore lowered their price objective on lululemon athletica from $175.00 to $130.00 in a research report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, twenty-five have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $148.54.

Insider Buying and Selling

In other lululemon athletica news, Director Charles V. Bergh acquired 4,275 shares of the company’s stock in a transaction on Monday, June 15th. The shares were bought at an average cost of $117.05 per share, for a total transaction of $500,388.75. Following the completion of the purchase, the director owned 10,365 shares in the company, valued at $1,213,223.25. This trade represents a 70.20% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.54% of the stock is currently owned by company insiders.

About lululemon athletica

lululemon athletica inc. is a design-focused athletic apparel company known for performance-oriented apparel, footwear and accessories. The company’s product portfolio centers on technical apparel for yoga, running, training and everyday active lifestyle use and includes tops, bottoms, outerwear, underwear, bags and a growing footwear assortment. lululemon emphasizes fabric science and product innovation, marketing garments that blend performance features with lifestyle styling.

Products are developed in-house and produced through a network of third-party manufacturers.